While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

OIH & XLE are the two etf’s to keep on your radar for early Monday. By holding early and starting up this week, your going to want to get on board.

Spu’s…1664 will be a pivotal hold area, below for more downside into the mid 50’s.

Nikkei…13,680 is a support level which should roughly line up with the Yen @ 200 day mvg avg and a possible early low in the Spu’s. Do not chase price action below that area the first time down.

FXA… use 93.80 stop on close for Longs. Targets are 95.15/ 96.70.

Bonds…

FX…

EUR/JPY…131.42 is support. Weekly stops are below 131.35.

AUD/JPY…sell stops are below 91.27 . The support zone is 90.30-50.

GBP/JPY…shows a monthly and qtrly double top @ 160 as well as an ORL week. If the pattern proves out, look for downside follow through to the 154.40’s to start.

USD/JPY…96.63 is the 200 day today (app 103.48 Futures)

Commodities…

OIL…102.50 is support. 103.50-60 is resistance. Look for an initial dollar either way out of this range.

General Comments orValuable Insight

The stop in the AUD/USD is wider than I usually like. The pattern shows a daily double bottom from Friday @ 93.88. I’m actually surprised? how well it’s held up in the face of? weak U.S.Equity Indices overnight.

Aussie is typically a Risk On Currency. I wanted some Risk in the portfolio in case Congress could actually agree on something.

I was not al all comfortable chasing the Equity Indices Friday. Individual names will be a better trade for the next week or two.

Short Term View…

We’re in a game of picking the next low for an attempt back to the highs in the U.S. Equity Indices. Right now individual stocks look to be an easier read based off their own technical s.

Go with the flow. Use the 9/30 closes as your macro pivots. Trade the opening ranges and early time frames.

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.